Montenegro Economy
Montenegro is a small country located in the western Balkans with a population of about 622,000 people. It has a developing economy that is ranked as the 159th-largest in the world.The Montenegrin economy is a mixed economy, meaning it combines elements of a market economy with a planned economy. The government plays a significant role in the economy through state-owned enterprises and other forms of regulation, but there is also a significant private sector.
The main sectors of the Montenegrin economy include industry, agriculture, and services.
- Industry: Industry is a major contributor to the Montenegrin economy, accounting for about 27% of the country's GDP. Major industries include manufacturing, construction, and mining. Montenegro is a major producer of metals, including aluminum and steel.
- Agriculture: Agriculture is a significant sector of the Montenegrin economy, employing about 10% of the population. Major agricultural products include grains, vegetables, and fruit.
- Services: The service sector in Montenegro is growing and now accounts for about 73% of the country's GDP. This sector includes financial services, real estate, and tourism.